http://www.cryptoarticles.com/crypto-news/unallocated-cannabiscoins-to-be-destroyed-via-proof-of-burn-which-will-be-recorded-on-a-gopro"Let’s get the controversy out of the way first, shall we? A digital currency enthusiast discovered 14.628 million CANN which are unaccounted for, and wanted an explanation from the developers. As you’d come to expect, everyone and their dog had an opinion about where these coins came from and what this all meant.
Luckily for us, DeltaNine took the time to explain where this amount comes from and what it means exactly. He also explained who the amount seems to be distributed evenly over 25 addresses, which was another reason of concern among crypto enthusiasts.
A lot of people seem to forget CannabisCoin used to be mineable via the Scrypt algorithm when it originally launched. However, as some issues arose, the developers thought better of it and switched over to the X11 algorithm instead.
As a result of this, an entire new blockchain had to be created, on which they pre-mined a block containing all of the coins in existence on the Scrypt chain. These coins would then be distributed to their rightful owners once the switch to X11 was completed.
However, it seems a lot of people never actually claimed their coins , and as a result, we now have 14.628 million coins that are sitting in 25 different wallets. These funds haven’t been touched in over four months either.
In order to solve the issue, DeltaNine announced these 14.628 million CANN will be destroyed through Proof-of-Burn (sending the coins to an invalid address). The whole “burning” of the coins will be recorded on a GoPro camera, and there are talks about livestreaming it as well."
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